*By Christian Smith*
Poshmark is changing the way users search for fashion on its app, unveiling a new "Posh Markets" layout this week. The new system, Founder and CEO Manish Chandra explained on Cheddar Tuesday, creates unique sub-communities for shoppers. The goal, he said, is to optimize the social marketplace's search tools. The vast world of online retail, he added, can be impersonal, something he hopes to change.
"\[Our millions of sellers\] make it somewhat hard to honor and respect each community and each shopping experience," he said.
Since its founding in 2011, Poshmark has grown to feature over four million sellers, or as the company calls them, "shopper stylists." Chandra told Cheddar that at any given moment, there are over 75 million items for sale on the app. Moreover, Poshmark's top seller recently passed a million dollars on in-app sales.
Posh Markets will feature six categories ー women's, men's, kids', boutiques, plus-size, and luxury ー but Chandra believes that number will grow.
"In terms of the total market opportunities ahead of usーit's totally massive," Manish said.
For more on this, [click here](https://cheddar.com/videos/poshmark-launches-new-way-to-shop-on-platform).
The market for rental apartment buildings is tumbling at its fastest-rate since 2009 in the wake of the Great Financial Crisis, according to a Washington Post report.
Johnson & Johnson is earmarking nearly $9 billion to cover allegations that its baby power containing talc caused cancer, more than quadrupling the amount that the company had previously set aside to pay for its potential liability.
The founder of the student loan assistance startup company Frank that J.P. Morgan Chase acquired for $175 million has been arrested on charges that she duped the financial giant.
President Joe Biden said Tuesday it remains to be seen if artificial intelligence is dangerous, but that he believes technology companies must ensure their products are safe before releasing them to the public.